Oil and gas transporter runs low on cash after completing Port Hudson terminal in Louisiana, plans to look for buyers

Murphy Energy Corp., an oil and natural gas transporter with terminals in Texas and Oklahoma, filed for chapter 11 protection, with a plan to look for buyers.

Lawyers who put Tulsa, Okla.-based Murphy Energy’s operations into bankruptcy proceedings on Tuesday said the company ran low on cash after completing its Port Hudson natural gas terminal in Louisiana. The chapter 11 filing makes Murphy the latest energy company to file for...